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Mountains Reign Ranch in Peyton, Colorado
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<blockquote data-quote="1982vett" data-source="post: 1724458" data-attributes="member: 7795"><p>You know…profit depends. Hopefully you already know the following. </p><p></p><p>If you consider:</p><p></p><p>Land - an investment of its own. Long term it should prove lucrative. Agriculture is how you keep taxes on it somewhat "affordable". </p><p></p><p>Equipment and infrastructure - the means to make your work safer, easier, and hopefully more enjoyable. Again, mostly an asset investment that has a long term value. Being a small operation, be thoughtful how you go about setting up your operation. Know the tax code and use it to your benefit. </p><p></p><p>The cattle - fit them to your end product. You don't need high dollar, registered stock if your not selling registered breeding stock or selling to the show circuit. Raise what your end buyer wants.</p><p></p><p>So now you've got your investment set up - can you make a profit? Won't be much based on your 80 acres, but if you've been smart about it, I hope you can. Being able to hold onto your land and building it's value may be your only "profit". That also depends on the value you place on the lifestyle that comes with it. </p><p></p><p>I mean, money in the bank makes you a penny on a thousand dollars. What's the gratification in that?</p></blockquote><p></p>
[QUOTE="1982vett, post: 1724458, member: 7795"] You know…profit depends. Hopefully you already know the following. If you consider: Land - an investment of its own. Long term it should prove lucrative. Agriculture is how you keep taxes on it somewhat “affordable”. Equipment and infrastructure - the means to make your work safer, easier, and hopefully more enjoyable. Again, mostly an asset investment that has a long term value. Being a small operation, be thoughtful how you go about setting up your operation. Know the tax code and use it to your benefit. The cattle - fit them to your end product. You don’t need high dollar, registered stock if your not selling registered breeding stock or selling to the show circuit. Raise what your end buyer wants. So now you’ve got your investment set up - can you make a profit? Won’t be much based on your 80 acres, but if you’ve been smart about it, I hope you can. Being able to hold onto your land and building it’s value may be your only “profit”. That also depends on the value you place on the lifestyle that comes with it. I mean, money in the bank makes you a penny on a thousand dollars. What’s the gratification in that? [/QUOTE]
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